The Internet of Things has been here with us for a while, and many people are wondering if it is here to stay or not. This technology relies heavily on the Internet, as its name implies. And it involves using network-connected devices that communicate with each other without the human intervention.
While a few business owners have automated their systems using this technology, many of them still question whether automation promises productivity and efficiency. Scottsdale, AZ, entrepreneur and philanthropist Jason Hope has made several predictions for the Internet of Things. And given his unique understanding of technology, many technology experts have not ignored his predictions and advice.
Jason Hope has predicted that the Internet of Things is here to stay but will look completely different in the coming days. He says that the computing devices that we had a few years ago have changed significantly and most people can barely recognize them today. And unique devices will continue to hit the market. This is going to make the industry to take a completely new look.
Jason Hope has also written that the Internet of Things will offer more value than it does today. This expert considers that the IoT is currently more of a catch phrase for a new and attention-grabbing technology option, but in less than five years, its true value will go beyond fitness trackers and smartphone games. He gives an example of Kroger’s use of the Internet of Things technology to limit waste in their frozen food aisle and says connected kitchens in the home and hospitality industry will result in as much as 15 percent saving if the new technology is used well.
The Internet of Things Application Mindshare will also be the next battlefield. Currently, the battlefield for developers is the creation of apps. In the near future, Hope writes that the battlefield for developers is going to be the mindshare of those apps. Millions of good apps are available today, and smartphone users are making good use of them. However, as more things get connected, getting business and consumers to appreciate a particular development is going to be an uphill task, and this is where developers are going to find their fight.
Jason Hope’s technology predictions show that forward-thinking business owners should start preparing to automate their processes. Visionary tech companies should also invest in this technology to be able to formulate better business decisions and protect their business from unbearable risks.
Looking to break into the technology field? Check out Jason Hope’s grant program for students and entrepreneurs.